“PRPPs have helped to change the pension conversation because they’ve created conversation,” says Sue Reibel, senior vice-president and general manager, group retirement solutions, with Manulife…
Nova Scotia’s Financial Measures Act, tabled today, will include legislation to change the governance of the province’s largest public sector pension plan and the Nova…
When it comes to DC investment issues, plan sponsors need to think about their members first. That was the message Marcus Turner of Towers Watson…
The payout formulas for Canadian public sector DB pension plans produce little-acknowledged inequities, according to a new report from the C.D. Howe Institute.
By 2029, Old Age Security (OAS) will not become payable until age 67. After nearly half a century of improvements in government retirement programs, this…
There may have been a strong rally in equity markets in the first quarter of 2012, but the financial status of pension plans only improved…
The solvency position of most Canadian pension plans improved in the first quarter of 2012 on the back of good equity market returns and a…
Many Canadians aged 45 to 54, the first age group to be affected by the OAS age increase proposed by the government, were already planning…
Last night the federal government accounted it was raising the eligibility age for Old Age Security (OAS) from 65 to 67. But Canada’s not the…
Several organizations have started to release their comments regarding this year's federal budget. Here's a summary of what they had to say.
As was widely expected, today’s federal budget announcement included a plan to increase Old Age Security (OAS) eligibility for Canadians from the current age of…
The federal government hiked the eligibility age for Old Age Security (OAS) to 67 from 65 reflecting the reality that Canadians are living longer and…
The federal budget contains a number of measures relating to public pensions, public sector pensions and private retirement saving.
In its sophomore year under the Employee Savings Survey banner, Benefits Canada’s annual check in with plan members about their financial priorities and the condition of…
Canadian plan members reported a significant drop in the amount they believe they need to retire — from roughly $1.4 million in 2023, 2024 and…
While the percentage of plan members who describe their personal financial situation as significantly or somewhat better than last year decreased from 42 per cent…
In its 2026 budget on Thursday, the Ontario government proposed doubling the pension benefits guarantee fund’s monthly guarantee limit from $1,500 to $3,000 for all…
The bankruptcy of the Hudson Bay Co. and subsequent loss of promised supplemental employee/executive retirement plan benefits to executives has caused many to rethink the…
Derek Dobson, chief executive officer and plan manager at the Colleges of Applied Arts and Technology’s pension plan, is departing the organization following a formal…
Bell Canada’s defined benefit and defined contribution pension plans are both overseen by the same pension committee. The meeting cadences differ, but the committee leans…
Employers can reinforce the value of their workplace retirement plans by communicating to plan members about the importance of having money later versus money now,…
The Financial Services Regulatory Authority of Ontario is marking its fourth annual Pension Awareness Day today by encouraging employees to understand their employer-sponsored retirement plan…
Amazon Canada’s commitment to unique financial wellness offerings led to a win at Benefits Canada‘s 2024 Workplace Benefits Awards on Oct. 18. The technology company was…
Admiral Insurance’s award-winning benefits program is demonstrating how employers can use versatility to strike a fine balance between finding innovative solutions and maintaining plan sustainability. The…
As Ontario prepares to introduce pay transparency legislation, it’s important for employers to consider how much information they want to share in job postings, says…